https://www.bnnbloomberg.ca/china-s-tariffs-on-australian-wi…
(Bloomberg) — China has formalized anti-dumping tariffs of as much as 218% on Australian wine, which are set to last for five years.
Imports of Australian wine products will incur duties of between 116.2% and 218.4% with effect from March 28, the Chinese commerce ministry said in a statement Friday. The move signals Beijing is hardening its stance in an increasingly fraught relationship with Canberra.
We should support Australian owned wineries rather than Chinese owned brand.
I have a feeling the wineries would rather actually dump the wine or age it than pass on the savings to normal people.
This is something I don’t get. Companies that would rather dump, bury, burn, destroy, etc… their product than sell it at a reduced price.
It's an inherent inefficiency (and IMO immorality if you go deeper) of the type of "free" market that today's capitalism fosters.
That’s what I was thinking. Like the $20 “Lobsters” we all seen.
Look at the back of most retail stores and you'll see so much perfectly good stuff dumped in the bins.
Never done economics?
I'm sure some industrious Chinese importer will hide the wine in Oil containers and lie and declare them as Oil, to get over this embargo.
Chinese citizens have always found a way to make (and save) hundreds, thanks for their corrupt totalitarian Government.
You just watch!
Yes great idea, save hundreds on customs costs to import destroyed unbottled wine to then lose thousands in stock that nobody will buy.
Lol this is a good start for RCEP. The Australian wine ban is dirty tactics employed by China to bully countries that restrict freedom of speech outside their jurisdiction.
So far China has accused European Union committing the holocaust, banned Taiwanese pineapples, boycotted companies that made comments Xinjiang cotton supply and astroturfing western social media with nationalism. I feel sorry for anyone in Australia that has to do business with the middle kingdom.
Most people in China agree to boycot H&M, NIKE, Adidas…..
Literally all of our exporters and importers deal with the middle kingdom.
Dealing with the middle kingdom and it's people is not the issue.
Dealing with the guys in control of it is.
Meanwhile our GOOD ALLIES AMERICA just saw a 500% increase in lobster and wine exports lol.
China is such a terrible country
China is retaliating towards everyone for perceived slights. This volatility is pushing skilled labour jobs out of country, which sucks for the world as China have most of the best practical manufacturing engineers.
Their leaders are burning their candle at both ends. I feel sorry for the Chinese people as they are the people who will suffer most from all this.
I wonder if anyone in ScoMo's office will let him know.
No, Biden hasn't told him yet.
Too busy on his COVID holiday to worry about such things.
With all the flooding recently, I was disappointed that SloMo wasn’t in Hawaii, living it up while a portion of the country was drowning.
As if they care; the Australian taxpayer picks up their tab
They are stealing from Nike Store in China!
https://twitter.com/nox19771274/status/1375300452493926401?s…
Why wasn't our own government already putting laws in place to protect the image of Australian fine wine and prevent price dumping foreign markets in the first place? Australia is full of shady stuff, it's not like any business here is above price dumping to make a quick buck.
I suspect you don't know that price dumping is where you actually make a loss… you are just getting rid of stuff short term and you hope long term other competitors die out as they give up. I don't think the Australian wine market is that efficient with high costs of labour to really pull that off.
I changed my power supplier from a Chinese owned company to an Australian owned company just last week. I suggest everyone else does the same.
Energy Australia aka CLP Group is a Hong Kong based company, not mainland China CCP.
What is the difference now anyway? Millions of Hongkongers marched in 2019-2020 to protect their independence from CCP but failed. HK is almost there in becoming another Pearl River delta city of China.
Sad, Hong Kong was a good city.
@ak47992: 'Numerous delegations of far-right groups from across the world have traveled to Hong Kong to join the violent insurgency against Beijing, in which secessionists have attacked police with bows and arrows, shot gasoline bombs out of catapults, and burned numerous people alive.
With their flamboyant waving of US and British colonial flags and tendency to belt out the American national anthem on megaphones, anti-China separatists in Hong Kong have made themselves a magnet for the US far-right. Staff of the website InfoWars, right-wing social media personality Paul Joseph Watson, and the ultra-conservative group Patriot Prayer are among those who have made pilgrimages to the protests.
The latest collection of extreme-right activists to reinforce the ranks of the Hong Kong separatists are from Ukraine. They call themselves Gonor and have tattoos on their upper torsos with undeniable symbols of white supremacy and neo-Nazism.
These extremists previously fought in a notoriously brutal neo-Nazi militia called the Azov Battalion, in Ukraine’s war against pro-Russian militants.
The Azov Battalion is an explicitly fascist paramilitary group that organizes around neo-Nazi ideology. After a Western-backed 2014 coup against Ukraine’s democratically elected government, Azov was incorporated into the Ukrainian national guard. It has received support from the US government, which has armed and advised the neo-Nazis in their fight against Moscow.
Azov has also helped train American white supremacists, who have plotted terrorist attacks back at home in the United States.'
@websterp: don't think the people burnt to death on the street walking home thought the yanks war on china was funny
amazing how many negs the site endorsed cyberstalker gets per day….oz ain't a free country anymore
@websterp: taking into account all the published reports of the economic effects of global warming on australia, and the continued denial of the concept by australia that personal belief of yours lacks credibility
Still waiting for the price of >$500 bottles of wine to come down in price …. but nope, still stuck up there in the clouds.
They'd sooner pour it down the drain than sell it cheaper locally.
Sad reality innit
buy buy buy TWE
I'm not in favour of the CCP and their bully tactics (let alone human rights stance), however this is not a one-way issue. I did not realise that Australia actually started anti-dumping investigations before China did in February 2020: https://www.aspistrategist.org.au/did-australia-start-the-an…
This was entirely unreported in what media coverage I saw of the events. So it's more of a tit-for-tat by China, rather than a unilateral aggression.
100% but the simpletons here would rather just indulge in their anti-China rhetoric.
Don't believe anything that NOT reported by Skynews. Only Skynews reports the truth, the whole truth, and nothing but the truth.
Media manipulation is a real problem in many countries.
understatement of the year if this site is anything to go by…
'Scott Morrison is on track to become one of Australia’s highest-flying prime ministers, after embarking on more overseas trips in his first year in office than each of his predecessors.
He is the first prime minister since John Howard not to visit China in his first 400 days in office.' The exact disclosed expense of the prime minister's international travel was $1,383,101.00 in his first year.
scomo started his economic war on china in 2018 - everything that has occurred since trade wise is his responsibility. Almost certainly why he was given the job to start with - done great - wrecked the economy.
americalia - name change required.
eg Amazon Australia reported $562 million in revenue for 2019.
The company paid $2.5 million in income tax for that year…..
Amazon Commercial Services, reported $1.12 billion in net sales for the 2020 calendar year.
The company paid $18.3 million in income taxes.
americalia in all its glory….
More cheaper wine for Aussies!